New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-09
DISCUSSING THE BIG DEAL.
-DEN1ALs" BY GARRETT coNTRApIcrrn


| J. p. MORGAy'S CLEAR srATEMENTs-THE Iynrp
FERENCE OF YVES iERN UNION OFFICERS
The sale and transfer of the Baltimore and Ohio tal.
graph property to tho Western Union Company wer.
absolute The terms agreed upon finally on r,u,
day morning in the afternoon the transfer was made
and the Western Union entered into actual
OF its new purchase To avoid contingencies the pur
chase was ratified formally By the Executive Committee
OF the Western Union Company and the principal oicss
Of the Baltimore and Ohio Railroad Company on Friday
william F. Burns, president pro TEN, had returned "a
Baltimore after arranging terms and leaving Vice.
President Spencer here to meet Robert Garrett hs
return from Europe. special messenger was 10
Baltimore afterward because the signature OF
Mr.. Burns to the agreement was considered
necessary for certain reasons The agreement
was signed by the principal officers OF tia
Baltimore and Ohio Railroad under the authority
Of the Executive Committee The telegraph property
had been paid for and delivered the formal actin an
both sides was taken to avoid possible obstaclea
Tho pctuant attributed to President Garrett
In statement published yesterday the only basis
for doubt about the legality Of the SALE The,
were made after dinner and perhaps before Mr. Garrett
had learned fully the condition Of the negotiations which
he had authorized effect before his departure for
Europe. Some of his friends promptly denied that b
had said the things put in his mouth. The possibility OF
objection matter Of great interest Wall
street. but II not long before the real facts 10 regard
to it were clearly understood.
THE CONTRACT SAID TO DE SATISFACTORY,
j. Pierpont Morgan said when asked about Nj.
CARROTS reported statements III do not s~
that there is really anything to say Tho
contract between the Baltimore and Ohio Railroad
Company and tho Western Union Telegraph
Company after protracted negotiations. duly exc
cuted on Thursday by the duly authorized officers OF
both companies under seal. The property purchased
delivered to the purchasers on that day and the
tract made by the advice and with the consentof
the syndicate in accordance with tho syndicate agree
ment with the railroad company. As regards the state
ment made in The Times this morning know nothing.
but should doubt very much the fact stated
1.-THE contract, in my opinion eminently satisiac
tory one both sides and do not think any
gainsay It, There is In fact more deeply interested
I'm the carrying out OF the contract as well a. the
syndicate arrangement with the railroad company than
Mr. Garrett and having confidence IN his judgment an
satisfied that he will look upon II In the same light"
Jay Gould did not down from Irvngton yester
day. George j. Gould said that reported threats
Mr. Garrett amounted to nothing, although he waa
sorry they should have been made The telegraph
in our possession and virtually We have PAID forit
We have had no meeting any kind to-day and we have
made no changes OF any kind in consequence Of the
purchase 1t is not our policy TO advance rates exrepn
whore the Baltimore and OHIO was dong Dusues'
for nothing. We have made no changes IN Tue
practical operation OF the lines and IN this respect
know nothing about my fathers plans Everything Is
being conducted IN the same way II was peLorc tne LUZ
chase The changes that will necessary Will require Tine
said that no attention should be paid to the
statements attributed to President Garrett One In
It's while to deny reported conversation bo-
tween MI uo and s09s a.rs pTEOaTy
need OF It's doing SO. The circumstances are
pretty clearly understood in Wall Street There Is not
the slightest danger from Mr. CARROTS threats anu IN
he has UGH to say about the matter thal
The main office of the Baltimore and Ohio Railroad and
Telegraph Companies at No 4lo BEoadway' enjoyed
Of he rail
Garrett Vice President samuel Spencer was there
through the day and telegraph offices presented he
bates president Of the Baltimore and Ohio
bnt in reply to Questions as TO whether he had received
nstice OF the sale or knew whether the transfer
he replied: ii have nothing whatever 10 say pr.
Bates added -" do not want to create me PteSSsoa
that withholding any Information; really nave
convey and therefore do not and cannot Say
anything"
pESIALs MADE By Mr. CARROTS FRIENDS.
Robert Garrett was still unwilling TO talk to reporters
Yesterday but OF his acquaintance were ready TO
talk for him; and they gave it out that he was gong
around breathing out slaughter against MT Gould
TRIBUNE reporter Mr. stokes OF the Hoffman House.
and asked him there any truth IN the report that
Mr. Friday night IN his presence SAID ina.
the deal mo trade"
why to be did" said Mr.. Stokes " and whats
more he was at the Hoffman House this morning again
and before several Of his friends said never nave
signed any papers never Will sign any papers Gould
will not get the line any price That's all know
about it. lie was quite IN earnest and not only IN
earnest, but excited
AT the Breyoor House late yesterday afternoon II was
had lef the hotel In the forenoon
returned. lie of In a carriage with his
father-iulaw aud some ladies'.
POLICY OF THE RAILROAD SYNDICATE.
The policy OF the syndicate which controls tho
management OF the Baltimore and OHIO Railnad
f. the costly membranes
on the property. Tie sale of the express
business and recently of the telegraph lines Will DO
followed probably by that of the sleeping interest,"
A. in the Of the telegraph, there i practically
only one buyer Tor this branch OF the business, and
when terms arranged the luilmau Palace car
Company VIII be in control undoubtedly OF tie Bap-
more and Ohio lines. General Horace Porter, yhe
president Of the COMPANY said yesterday that tiers
10 negotiations, III progress
IL suppose II the general opinion, he SAIL, "thai
shall SuCcred to the tll>lnc-> b. cause this ! th5
only company whose connections ON all sIdc- Wou!
make the purchase profitable. The Baltimore ara
dido synlcae l. dspvsing VI, The auxiliary companies
one by one and In time the sleeping car department.
will probably be reached There il nothing gong on,
however. in this direction. and we have not even eH
aInined the property 70 ascertain itS value.
DECLINE OF BALTIMORE AND OHIO STOCK
BALTIMORE. Oct Sat the Stock Board to-day ten
shares OF Baltimore and OHIO Railroad stock sold at l
having declined from 1872 Yesterday. Subsequently ty
sold at 49, and the close IL oferedS
thu tua nunls Al Hynra